Women's Global Development and Prosperity (W-GDP) Initiative Fund receives $100 million in its first year

U.S. Agency for International Development Administrator (USAID) Mark Green and Advisor to the President Ivanka Trump announced that the Women’s Global Development and Prosperity (W-GDP) Initiative Fund received an additional $50 million in fiscal year (FY) 2018 resources, increasing the Fund to a total of $100 million for its first year.

The President requested $100 million for the Fund in the most recent Budget for FY 2020, consistent with his commitment in National Security Presidential Memorandum-16 (which established W-GDP), to prioritize the Fund within the President’s Budget and appropriated resources.

The White House launched the W-GDP Initiative in February 2019 as the first whole-of-government effort to advance global women’s economic empowerment. W-GDP seeks to reach 50 million women in the developing world by 2025 through U.S. Government activities, public-private partnerships, and a new, innovative fund, managed by USAID.

Administrator Green and Advisor Trump launched new partnerships and activities to support the three pillars of W-GDP: women prospering in the workforce, women succeeding as entrepreneurs, and women enabled in the economy. The W-GDP Fund financed these activities and partnerships from the $100 million in resources available from FY 2018.

Original source: USAID
Published on 18 November 2019